EUR/CAD broke support area

20:17 26.07.2018

EUR/CAD broke support area

Next sell target - 1.5130

EUR/CAD recently broke through the support area located between the key support level 1.5300 (which stopped the A-wave of the active ABC correction (2)) and the 50% Fibonacci correction of the upward impulse 1 from May. The breakout of this support area should accelerated the active impulse wave C. EUR/CAD is expected to fall further toward the next sell target at the next round support level 1.5130.